Tuesday, August 16

Ulbricht NFT Offers Best 261 ETH, Irish Producer Finances Movies With NFT

Silk Roads leads to non-fungal tiles

The bid for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht exceeded 261 Ether (ETH), $ 1.17 million at the time of writing.

The NFT depicts Ulbricht’s hand-drawn illustration of a psychedelic eye, and is part of a collection of writings and nine other artworks that he created, some while in prison, which are included as part of the NFT sale. The auction began on the first day of the Art Basil Miami art fair on December 2 and was hosted by SuperRare.

The auction is scheduled to conclude on November 8, and the proceeds from the sale will go to a trust that supports Ulbricht’s fight to be released from his double-life prison sentence, and will also help launch the advised charity fund Art4Giving. by donors that aims to help prisoners and their families.

In a blog post announcing the downfall of NFT, Ulbricht said that while his future looks bleak during his ninth year in prison without parole, he can do something positive to heal all the “damage” he sees around him.

$ 225K NFT on sale for $ 20?

Speaking of the Art Basil Miami art fair, Dmitri Cherniak, the founder of the Ethereum-based and algorithmically generated NFT collection “Ringers” made an appearance up front, offering to sell one of his $ 225,000 worth of NFTs for just $ 20.

It is unclear whether the move was a joke or a genuine offer; however, Cherniak shared a photo of himself at the event with a note on his iPad that read “Ringtones # 0 on sale for $ 20”. Despite the minimum price of Ringers NFTs currently sitting at 50 ETH or $ 225,000 on OpenSea, the artist noted that no one accepted the offer.

One user on Twitter noted that the stunt was similar to that of world-famous street artist Banksy, who has reportedly taken to the streets on multiple occasions to sell his art.

“This is like Banksy selling on the streets and nobody accepts it until he started cutting prices. Dmitri could have gotten a bite out of the standards at $ 5-10, define ngmi, “wrote user 5511.

Polygon to launch NFT games

Polygon (MATIC), the Ethereum-based layer two scaling solution, and its gaming unit Polygon Studios have entered into a strategic partnership with GameOn Entertainment Technologies Inc. to develop NFT games.

GameOn is a US based sports prediction and games company specializing in sports and multimedia entertainment.

According to a December 2 announcement, the deal will see GameOn launch a series of NFT games on the Polygon network, while Polygon Studios will provide undiluted funding for 50% of GameOn’s current product development costs.

Polygon Studios investment is part of a $ 100 million fund Announced earlier this year, which is focused on supporting Web3 projects, with investments so far including DraftKings, DeFine and GameOn.

Related: Deadmau5 and Portugal the Man release single as 1M NFT in bid to go platinum

GameOn stated in the announcement that the partnership with Polygon Studios will significantly help the company drive plans for the NFT sector.

“Polygon Studios investment enables GameOn to offer the full stack of capabilities from the creation, minting and sale of NFT, to the game layers it already implements for white label clients, such as prediction and fantasy games,” it read. in the ad.

Irish producer seeks to finance films with NFT

Neils Juul, the executive producer behind Martin Scorsese’s hit movie the Irish has created a new NFT company that aims to finance Hollywood movies through NFT sales.

According to a December 1 report From The Hollywood Reporter, Juul’s new firm is called “NFT Studios” and it already has plans to finance a new comedy-drama film from NFT sales called “A Wing and a Prayer.”

The film will depict the real life story of Brian Melton, who became the first man to fly around the world in an ultralight aircraft in 1998. The film aims to introduce top-notch actors and is scheduled to be filmed. in Malta and London for the next month of April.

“We are in the midst of a great transition in the entertainment business where traditional forms of movie financing and ownership are being uprooted due to the rapid rise of streamers and other digital platforms,” ​​Juul told the publication.

Other Nifty News

On Thursday, Adidas announced it was entering the Metaverse in partnership with the creators of Bored Ape Yacht Club, Yuga Labs, gmoney NFT, and PUNKS Comic.

On the same day, registered investment advisor and fintech firm Defiance launched the first NFT-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund trades under the ticker symbol NFTZ and carries a 0.65% annual management fee.